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Statoil underscored the superior health of the North Sea’s Norwegian sector
compared with Britain’s after declaring a recent oil discovery was Norway’s
biggest since the mid-1980s.

The Norwegian company yesterday doubled the estimated size of its Aldous Major
South discovery in the North Sea to between 400 and 800 million barrels of
oil. Together with an adjoining discovery, the combined fields contain an
estimated 500 million to 1.2 billion barrels.